RRIL Limited Q1 Results Live: Profit Falls by 41.78% YoY

RRIL Limited Q1 Results Live : RRIL Limited Q1 Results Live: RRIL Limited declared their Q1 results on 13 Aug, 2024. The topline decreased by 18.28% and the profit decreased by 41.78% YoY. Compared to the previous quarter, the revenue declined by 39.08% and the profit decreased by 50.92%.

The company experienced a mixed performance in terms of expenses. The Selling, General & Administrative (SG&A) expenses declined by 15.36% quarter-on-quarter (q-o-q), but increased by 10.85% year-on-year (Y-o-Y), indicating a tighter control on costs in the short term but higher expenses compared to the same period last year.

Operating income also took a hit, decreasing by 55.2% q-o-q and 45.91% Y-o-Y. This significant drop in operating income reflects the challenges faced by the company in maintaining its profitability in the current market environment.

Earnings Per Share (EPS) for Q1 stands at ₹0.07, marking a 41.67% decrease Y-o-Y. This reduction in EPS highlights the overall decline in profitability for shareholders.

The company's stock performance has been under pressure as well. RRIL Limited has delivered a -8.54% return in the last 1 week, -28.56% return in the last 6 months, and a -37.38% Year-to-Date (YTD) return. These figures reflect the market's reaction to the company's declining financial health.

As of now, RRIL Limited has a market cap of ₹244.13 Crores. The stock's 52-week high is ₹36.8, while its 52-week low is ₹17.75, indicating significant volatility in the stock price over the past year.